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Category: Sports Betting
Louisiana Sports Betting Tax Could Be Doubled By Lawmakers
On Monday, the House Appropriations Committee voted 20-1 in favor of a bill that proposes doubling the Louisiana sports betting tax. House Bill 639 would raise the tax rate from the current 15% to 32.5% for online
Missouri Plans To Rollout Licensed Betting This Year
Missouri sports betting is set for operation later this year, according to Gaming Commission chairman Jan M. Zimmerman. Zimmerman commented, “The staff is keenly aware of how anxious people are to get sports wagering
Hawaii Sports Betting Bill Fails
The plan to legalize sports betting in Hawaii will have to wait another year as lawmakers failed to agree on the details of the bill. Rep. Daniel Holt’s House Bill 1308 had made progress, passing committees in the
Illinois Bans Credit Card Payments For Sports Betting
The Illinois Gaming Board (IGB) announced that it will no longer allow credit card payments for sports betting. The rule change has the potential to increase players at crypto betting sites as users seek convenient
Kalshi Win Another Court Victory In New Jersey
Kalshi scored another court victory in their battle against state regulators on Monday. A New Jersey judge granted the company a preliminary injunction that allows their sports prediction markets to continue. The New
US Betting Handle Passes Half A Trillion Dollars
Americans have placed bets totaling over $500 billion since the US Supreme Court paved the way for legal sports betting in 2018. Betting was up from last year in March, totaling over $15 billion. This is the highest
Oklahoma Sports Betting Bills Passed In Senate Committee
The Senate Business and Insurance Committee passed two bills on Thursday that could bring Oklahoma sports betting. The committee voted 8-1 in favor of passing House Bill 1047, which proposes allowing the state’s
Esports Betting Volume More Than Doubled In 2024
Esports betting continues to grow exponentially, and a new report showed that betting volume increased by 109% year-on-year in 2024. Oddin.gg compiled the report that shows betting volume had a huge increase, as well as
CFTC Cancels Roundtable Over Sports Prediction Markets
The Commodity Futures Trading Commission (CFTC) announced that a roundtable to discuss sports prediction markets, scheduled for April 30th, will not take place. Many stakeholders opposed to the spread of event contracts
Hawaii Governer Will Likely Approve Legal Sports Betting
Gov. Green gave signs that he would approve any bill to bring legal sports betting to Hawaii, as long as it has proper safeguards in place. Green commented, “Look, as long as there’s some safeguards with gambling